Template-type: ReDif-Paper 1.0
Author-Name: Demuynck, Thomas
Author-Name: Herings, P. Jean-Jacques
Author-workplace-name: Microeconomics & Public Economics, RS: GSBE ETBC, RS: GSBE Theme Conflict & Cooperation, RS: GSBE Theme Data-Driven Decision-Making
Author-Name: Saulle, Riccardo D.
Author-workplace-name: Microeconomics & Public Economics, RS: GSBE ETBC
Author-Name: Seel, Christian
Author-workplace-name: Microeconomics & Public Economics, RS: GSBE ETBC, RS: GSBE Theme Conflict & Cooperation
Title: Bertrand Competition with Asymmetric Costs: A Solution in Pure Strategies
Abstract: We consider two versions of a Bertrand duopoly with asymmetric costs and homogeneous goods. They differ in whether predatory pricing is allowed. For each version, we derive the Myopic Stable Set in pure strategies as introduced by Demuynck, Herings, Saulle, and Seel (2017). We contrast our prediction to the prediction of Nash Equilibrium in mixed strategies.<br/>
Classification-JEL: c70,c72,d43
Series: GSBE Research Memoranda
Creation-Date: 20180208
Number: 002
File-URL: https://cris.maastrichtuniversity.nl/ws/files/24150289/RM18002.pdf
File-Format: application/pdf
File-Size: 493166
Handle: Repec:unm:umagsb:2018002
DOI: 10.26481/umagsb.2018002